Cuba's Sweeping Economic Reforms Met with Skepticism
Lawmakers unanimously approved measures to let foreign investors buy state stakes and expand large private firms as Cuba seeks investment amid shortages.
- On Thursday, Cuba's National Assembly unanimously approved 176 economic reforms designed to expand private-sector participation and attract investment. Prime Minister Manuel Marrero presented the measures, which reduce the state's role in various economic activities.
- The Cuban economy grapples with severe shortages of food, fuel, and medicine alongside frequent power cuts. Authorities attribute these difficulties to the United States trade embargo and restricted oil shipments from Russia.
- These reforms remove requirements for foreign investors to partner with state-owned companies and authorize large private firms. Marrero allowed domestic and foreign investors to acquire stakes in state-owned enterprises, though he provided no implementation timetable.
- Havana restaurant manager Mario Gonzales anticipates the changes could spur tourism and economic recovery. President Miguel Canel reiterated the government's commitment to the socialist system despite acknowledging internal bureaucratic obstacles.
- Vice-President Vance said Washington is holding talks with the Cuban government regarding potential economic and political changes on the island. These discussions signal ongoing diplomatic engagement amid structural economic challenges.
36 Articles
36 Articles
HAVANA (AP) — A day after Cuba's parliament approved the biggest economic reform since the revolution, experts said the measures were positive, while Raúl Castro's grandson, one of the negotiators…
Following the adoption by the Cuban National Assembly of 176 measures aimed at significantly changing the economic model of the island, the US State Department denounced on Friday a "smoke screen".
By Mauricio Torres, CNN en Español Amid escalating tensions between Cuba and the United States, which have intensified throughout the year, the island's National Assembly approved a broad set of reforms on Thursday aimed at boosting the country's economy, battered by an oil embargo and sanctions imposed by Washington. At the proposal of President Miguel Díaz-Canel's government, the National Assembly endorsed a total of 176 measures grouped into …
On Thursday, Cuba decided to privatize much of its economy after nearly 70 years of socialism. But is it too little, too late? Political analyst Carlos Salas Lind still believes Trump will overthrow the government.
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The Cuban authorities have presented and approved in a record time, just a week, the largest package of economic reforms in at least 15 years, pending their ability now to confront the deep crisis that the island suffers and the demands of Washington. In seven days, the President of Cuba, Miguel Díaz-Canel, announced by surprise the measures, the plenary of the Central Committee of the Communist Party (PCC, only legal) supported them and an extr…
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